Report cover image

Global Medical Devices Outlook, 2025

Publisher Frost & Sullivan
Published Jul 10, 2025
SKU # MC20190540

Description

The global medical devices industry was valued at $545.38 billion in 2024 and is expected to reach $801.34 billion in 2029. Companies continue to focus on and invest in new product development to ensure long-term and sustained growth. The cardiovascular devices market attracted significant investments, especially in transcatheter technologies for mitral and tricuspid valves, pulsed field ablation, and bioresorbable scaffolds.

Key market segments, including cardiovascular devices, diabetes care devices, robotics, and clinical-grade wearables, posted double-digit growth on a significantly higher revenue base, while neurology and respiratory devices posted high single-digit growth. Major geographic regions, including North America, Europe, and Asia-Pacific, registered high single-digit growth.

The study period for this analysis is 2022-2029 and the base year is 2024. Some important practice areas include patient monitoring, diabetes care, orthopedic devices, minimally invasive surgeries, ophthalmology, cardiovascular devices, wound care, respiratory, audiology, clinical-grade wearables, neurology, and robotics and navigation systems.

Top predictions for 2025 include the expanding use of clinical-grade wearables across various care settings, surgical robotic companies broadening their applications to enhance growth in precision medicine, improve accessibility, and boost patient outcomes, and AI-enabled predictive maintenance becoming a standard in the medical device servicing market.

Table of Contents

    • Medical Devices Industry Predictions: 2024 Forecast Versus Actual
    • Top Predictions for 2025
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8™
    • The Impact of the Top 3 Strategic Imperatives on the Medical Devices Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine™
    • Market Segmentation
    • Global Medical Devices Industry Dashboard
    • Forecast Methodology and Assumptions
    • Forecast Considerations
    • Growth Environment
    • 2025 Global Economic Outlook-Navigating Growth and Thriving Through Trumponomics 2.0
    • US Tariffs-2025 Analysis
    • US Tariffs-Impact on Medical Device Vendors
    • US Tariffs-Implications for Key Medical Device Stakeholders
    • Revenue Forecast by Segment
    • Revenue Forecast by Segment-Medical Devices
    • Prediction 1: Pricing Pressure on Medical Devices due to VBP to Ease in China in 2025 and Beyond
    • Prediction 2: Expanding Use of Clinical-grade Wearables in Different Care Settings will Drive Market Potential, Surpassing $25 Billion in 2025
    • Prediction 3: Surgical Robotic Companies Broadening Applications and Catalyzing Growth in Precision Medicine, Accessibility, and Patient Outcomes
    • Prediction 4: AI-enabled Predictive Maintenance will Become Standard in the Medical Devices Servicing Market
    • Prediction 5: Remote Patient Monitoring Ecosystems will Outperform Standalone Devices
    • Cardiovascular Devices Market Outlook, 2025
    • Orthopedic Devices-2025 Market Snapshot
    • Orthopedic Devices-Companies to Watch
    • Clinical-grade Wearables-2025 Market Snapshot
    • Clinical-grade Wearables-Companies to Watch
    • Robotics and Navigation Systems-2025 Market Snapshot
    • Robotics and Navigation Systems-Companies to Watch
    • Wound Care-2025 Market Snapshot
    • Wound Care-Companies to Watch
    • Revenue Forecast by Region: Key Demand Drivers
    • Medical Devices Industry Analysis: North America
    • Key Implications: US Tariffs on Medical Devices
    • Medical Devices Industry Analysis: Europe
    • Medical Devices Industry Analysis: Asia-Pacific
    • Medical Devices Industry Analysis: Latin America and the Middle East and Africa
    • Growth Opportunity 1: AI-enabled Medical Devices
    • Growth Opportunity 2: Telesurgery
    • Growth Opportunity 3: Workflow Automation
    • Growth Opportunity 4: Hospital at Home
    • Conclusions and Future Outlook
    • Benefits and Impacts of Growth Opportunities
    • Next Steps
    • Take the Next Step

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us